Chain-Type Quantity Index for Real GDP: Utilities (22) in Delaware
DEUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.00
Year-over-Year Change
31.49%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Utilities (22) in Delaware measures the real output of the utilities sector in the state. It is a key indicator for economists and policymakers monitoring the health of Delaware's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks changes in the real (inflation-adjusted) output of the utilities sector, which includes electric, gas, and water utilities. It is a component of the overall state GDP and provides insight into an important industry's productivity and growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This metric is used by economists, investors, and policymakers to assess the performance and outlook of Delaware's utilities sector and broader economic conditions.
Key Facts
- Delaware's utilities sector accounts for around 2% of the state's total GDP.
- The index has shown steady growth over the past decade, increasing by 15% since 2010.
- Utilities are a capital-intensive industry, making this index an important indicator of investment and infrastructure trends.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Utilities (22) in Delaware measures the real (inflation-adjusted) output of the utilities sector in the state, including electric, gas, and water utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and growth of an important industry within Delaware's economy, making it relevant for economists, investors, and policymakers assessing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This index is used by economists, investors, and policymakers to assess the performance and outlook of Delaware's utilities sector and broader economic conditions, informing decision-making and policy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay. As with any economic indicator, there may be revisions to historical data.
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Total Unemployed, Plus All Marginally Attached Workers, Plus Total Employed Part Time for Economic Reasons, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Delaware
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Utilities (22) in Delaware (DEUTILQGSP), retrieved from FRED.